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DISTRICT OF COLUMBIA STATUTES AND CODES

Section 26-215 - Purchase of real property

Purchase of real property

Such corporation shall not invest its fund in any real estate except what is necessary for the conduct of its business, but may purchase such property at sales made upon foreclosure of mortgages or in satisfaction of judgments or other liens held by it; provided, that such property so purchased be sold within a reasonable time thereafter.

CREDIT(S)

(Mar. 3, 1901, 31 Stat. 1300, ch. 854, § 700.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 26-515.
1973 Ed., § 26-414.

Current through September 13, 2012

District of Columbia Law

District of Columbia Court Map

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